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2325 Sybrandt Road Traverse City, MI 49684
58,960 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 58,960 sqft
Price per Sqft $72
Subdivision Mi
MLS Listing ID 80066383
Year Built 1953
Lot Size 3.460 Acres
Acres 3.46
Lot Dimensions see associated docs
Property Sub-Type Commercial/Industrial
Property Description
100% leased industrial/warehouse building with 5 tenants. Well located building near the corner of S. Airport and Cass Street. Offered at an 7.8% Cap rate with upside potential in the lease rates. Owner would vacate their unit, freeing up 15,000 - 24,000 SF, if buyer wanted to use part of the building. Sale includes 2 parcels totaling 3.4 acres.
Location
State MI
County Grand Traverse
Area Garfield Twp (28005)
Zoning Industrial
Interior
Heating Forced Air, Space Heater
Exterior
Parking Features Parking Lot
Building
Foundation Slab
Water Public Water
Structure Type Block
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Schmidt Traverse City